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Hinkley Point C – What’s the deal?

Sign today The much-delayed construction of two reactors at Hinkley Point in Somerset is expected to be given the go-ahead by the board of the French energy giant at a meeting in Paris on This afternoon afternoon, despite the opposition of unions. The decision will pave the way for Greg Clark, the new business and energy…

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Are Drax barking mad?

A report in the Telegraph today reports that Drax is optimistic that tight UK power supplies this winter will raise electricity prices, after low prices led to a slump in profits in the first half of the year. Britain’s biggest power plant, which is in the process of converting from burning coal to biomass wood…

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Huge Coal firm Peabody files for bankruptcy

Peabody filed for bankruptcy on Wednesday, the most powerful convulsion yet in an industry that’s still waiting for the coal market to bottom out. The company is seeking to reorganise U.S. operations in federal court in its hometown of St. Louis, reducing an estimated $10.1 billion in debt, according to court filings. It’s the biggest…

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OPEC Oil forecast 2016

As you may have seen OPEC is hurting and the recently issued annual World Oil Outlook report is just crazy for more oil. The reports sums up 2015 as Challenging:   Since the publication of the 2014 edition of the WOO in November last year, the most obvious market development has been the oil price…

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Feed In Tariff Update

The UK government has once again messed around with the renewals industry and updated the Feed In Tariffs rates. Last week the all knowing DECC announced the details: As widely expected the rates are due to be reduced, however, after industry consultation the reductions are not as drastic as initially expected. Installing solar on your roof…

Wood Fuel Magazine 2016